Tag: Windfall tax
The government unexpectedly announced the energy tax law
The windfall tax is intended to finance new electricity subsidies announced just before Christmas. The proposed electricity tax is slightly lower than anticipated.
The Finnish government is refining the plan for compensating electricity costs
The maximum compensation amount is 700 euros per month. It will be paid to households through electricity bills at the beginning of next spring. An agreement was apparently not reached on the share of reimbursed costs, but the preliminary calculations that were the starting point of the government negotiations set the share at 50–80 percent. […]
The Finnish government retroactively covers 50–80% of household energy bills in November-December
Riku Huttunen and Tatu Pahkala, the officials of the Ministry of Economy and Labor stated to the newspaper that the one-time compensation should be paid to households through electricity bills in March. According to preliminary calculations made by the ministry, the amount of the compensation is a percentage – 50–80 percent – of household electricity […]
The Social Democrats propose a price ceiling for electricity, which surprises other parties
SDP estimates that the costs of the ceiling limit could be covered with the proceeds of the windfall tax imposed on the excess income of energy companies. The tax, which is being prepared by the Ministry of Finance, is expected to generate approximately EUR 0.5–1.3 billion in revenue starting in 2024. The proposal raised eyebrows […]
The windfall tax for Finnish energy companies can raise 1.3 billion euros
The Ministry of Finance has published more information about the proposed windfall tax for energy companies. The goal is to tax a third of the profits that exceed the ministry’s reasonable return on capital.
Thursday’s papers: Windfall tax, street crime, weekend snow
The Finnish government is said to be preparing an occasional tax on the high profits of electricity companies.
The Finnish government responds to the interpellation regarding energy policy
“We are facing an energy crisis, and you, the government, are not on top of the situation.” Riikka PurraChairman of Basic Finns, According to Helsingin Sanomat. Purra criticizes the government in particular for building its energy policy on wind power: “I wonder if the vision is that every night employees should look at the wind […]
The UN’s fiscal policy for advanced economies risks global recession
geneva – UN economists are warning that the monetary and fiscal policies of advanced economies risk plunging the world into a recession worse than the 2008 financial crisis. UNCTAD, the United Nations Conference on Trade and Development, has issued its 2022 annual trade and development report. The authors of the report warn that the world […]
The European Commission proposes limiting the profits of energy companies
For example, the production of hydro and wind power has been more affordable. “We are proposing a ceiling for the income of companies that produce electricity at low costs. In these times, low-carbon energy sources – because they have low costs but high prices in the market – make huge incomes. stated von der Leyen. […]